COVID-19 has brought about drastic policy and economic actions, in addition to an unprecedented shift in human behavior. This has yielded rampant uncertainty in all markets, and a historic spike in unemployment. In the midst of this uncertainty, Alpha is well positioned to weather the current downturn, and we intend to maintain a high degree of patience and discipline in the new environment.
Alpha Investing wrapped up 2019 by closing two December deals, one Multifamily property in Colton California, and two Senior Living facilities in Ohio and California. While the past decade has been one of sustained growth, the economic landscape in 2019, and looking ahead to 2020, is a bit more checkered. As we look to navigate this time of uncertainty, Alpha Investing will continue its focus on deals that have strong fundamentals, focused business plans, and knowledgeable, trustworthy Sponsors at the helm.
Each quarter, we like to share our insights on the current real estate market as well as broader economic conditions, and how that informs the opportunities we make available to the Alpha Investing network.
While aware of increasingly divergent views and mixed signals about the trajectory of the market, we continue to believe in the opportunities offered by commercial real estate and in the calibre of the sponsors we elect to align ourselves with.
Patience and discipline remain at the core of our approach to uncovering attractive risk-adjusted returns with commercial real estate. Evaluating a range of opportunities and committing to those that fit our approach remains our discerning strategy.
Two investments in multifamily buildings and our third investment in a commercial real estate debt fund brought 2018 to a close for us at Alpha Investing. Despite volatility heading into 2019, our patient and disciplined approach will continue to guide our investment strategy.
We are pleased to share Alpha Insights, our new quarterly newsletter, with our investors and friends.